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Mon, 03 Sep 2007
Revised Budget Includes Cooking Oil Subsidy
The House of Representatives on Tuesday (28/8/07) approved the midyear revisions to the 2007 budget, which see a downsizing in anticipated government revenue and spending, a wider deficit, additional funds for bureaucracy reform and a new cooking oil subsidy, reported The Jakarta Post.
Mon, 03 Sep 2007
Indonesia`s YOY inflation up 6.51 percent in August
Jakarta (ANTARA News) - Indonesia's annual inflation rose nearly half a percentage point in August to 6.51 percent from a month earlier, driven by higher prices for education, food and housing, official data showed Monday.
Mon, 03 Sep 2007
High export taxes on CPO ineffective: economic observer
Semarang, C Java (ANTARA News) - The government`s policy of imposing progressive export taxes on crude palm oil (CPO) in an effort to keep cooking oil prices under control is not effective because CPO prices in the world market are high due to external factors, an economic observer said here on...
Mon, 03 Sep 2007
Big potential of E. Nusa Tenggara biofuel plantation attracts Israeli investor
Kupang, East Nusa Tenggara (ANTARA News) - Jatropha curcas linn trees raised in East Nusatenggara have a big potential causing an Israeli investor Merhavv Group to decide to invest US$700 million in the province, an Indonesian entrepreneur said.
Mon, 03 Sep 2007
Foreign firms sign agreements during N. Sulawesi expo
Jakarta (ANTARA News) - The North Sulawesi administration and South Korean firm IR WindPower Co. Ltd signed a US$9 million agreement to develop wind energy into electric energy in Sangihe and Talaud islands, an official has said.
Sun, 02 Sep 2007
Singapore faces tough competition in Asian biofuel refining
Singapore (ANTARA News) - Singapore faces tough competition from palm oil giants Malaysia and Indonesia as Asia's biofuel refining hub, according to a study published Saturday.To better compete, the city-state plans to focus on more advanced second generation biofuel technology to producer higher...
Sat, 01 Sep 2007
PTPN X seeking Rp1.1 trillion in syndicated loans
Jakarta (ANTARA News) - State-owned plantation company PTPN X is exploring the possibility of obtaining a syndicated loan worth Rp1.1 trillion from Bank Mandiri, BRI bank, Bank Mega and BCA bank, PTPN X Financial Director Tendry Supriatno said here on Friday.
Sat, 01 Sep 2007
Government Asked to Announce CPO Tax Soon
TEMPO Interactive, Jakarta: A number of circles asked the government to announce the scheme of progressive tax for crude palm oil (CPO) and CPO-based products. The uncertainty of the policy plan will distort the international CPO price.
Fri, 31 Aug 2007
Four Americans detained for 'assault'
Another shining example of great Indonesian labour workers behavior. I recently went to a factory with tons of workers who purposely skipped work to get fired so they can get their puluhan juta in PHK money, and all their female workers take their 'cuti haid' every month.
Fri, 31 Aug 2007
Four Americans detained for 'assault'
i've made a lot of money in the past helping americans get their factories back. they seem to have a habit of losing them. possibly because they are absentee owners who think they have indonesian 'partners' they can trust.
Fri, 31 Aug 2007
Four Americans detained for 'assault'
Wasn't Balaraja where Piss Salons elephants ran amok?1am seems a rather strange time to "just claiming their property back" .What with them being American and all, I suspect that they deserved it be default - I thought all Americans were olympic rated sportsmen, and as such they should have been...
Fri, 31 Aug 2007
Four Americans detained for 'assault'
Originally Posted By: emmajktwhat actually the unpleasant behaviour of emen and agus? from the sound of it, the "unpleasant behaviour" was their temerity in demanding their factory back.
Fri, 31 Aug 2007
Four Americans detained for 'assault'
what actually the unpleasant behaviour of emen and agus?
Fri, 31 Aug 2007
Four Americans detained for 'assault'
Multa Fidrus and Abdul Khalik, The Jakarta Post, Tangerang, JakartaFour Americans along with dozens of their employees have been arrested by the Tangerang Police for allegedly assaulting two workers at swimsuit producer PT Natural Selaras II in Olex Industrial Plant in Balaraja, Tangerang regency,...
Fri, 31 Aug 2007
Kadin revitalizes committee on U.S. to boost bilateral trade
"...Trade Minister Mari herself was at least party responsible for the last investment catastrophe, the updated Negative List of July..."Yes, she was, but i don't begrudge her actually; she seems like a nice old gal; she is merely a pawn for other institutions and influences.
Fri, 31 Aug 2007
Indonesia`s Bank ANK to merge with Australia`s Commonwealth Bank
Jakarta (ANTARA News) - Indonesia's Bank Arta Niaga Kencana will be merged into Australia's Commonwealth Bank (CBA) once a planned takeover is completed, the banks said Friday.CBA has already purchased ANK stock held by private shareholders amounting to 57 percent of the bank.
Fri, 31 Aug 2007
Kadin revitalizes committee on U.S. to boost bilateral trade
yes, i certainly noticed it. They just don't get it. And Trade Minister Mari herself was at least party responsible for the last investment catastrophe, the updated Negative List of July, which further strangled any chance of increased investment.
Fri, 31 Aug 2007
Kadin revitalizes committee on U.S. to boost bilateral trade
"..Trade Minister Mari..""But it is going to be difficult for Indonesia to meet the investment climate required," she said. lol! Did anybody else pick up this classic?
Fri, 31 Aug 2007
Kadin revitalizes committee on U.S. to boost bilateral trade
10 years after the yanks hightailed out of indonesia, after "their guy" was deposed, the morons at KADIN figure out that the bules they are seeing aren't US american!investment interest in Indonesia by US citizens and corporations has in fact picked up over the past two years, but in overall terms...
Fri, 31 Aug 2007
Car terminal, one-stop customs set at Priok Port
The government will roll out next month its planned car terminal and a one-stop customs service at Jakarta's Tanjung Priok Port as part of efforts to improve the flow of goods in and out of the country.
Fri, 31 Aug 2007
Dell turns to SMEs to expand business
Dell Indonesia, in partnership with the Indonesian Internet Kiosk Association (Awari), is offering personal computers (PC) packages for Awari members as part of its first ever marketing campaign aimed at the country's small and medium enterprises (SMEs) market.
Fri, 31 Aug 2007
Lippo Group to invest $650m in multimedia
Lippo Group, through its subsidiary PT First Media Tbk, will invest up to US$650 million over four years to strengthen the company's broadband-based multimedia business.First Media Chief Executive Officer Roberto Fernandez Feliciano said here Thursday that the money would be used to expand the...
Fri, 31 Aug 2007
Kadin revitalizes committee on U.S. to boost bilateral trade
Witnessed by Indonesian and United States government officials, the Indonesian Chamber of Commerce and Industry (Kadin) inaugurated Thursday the new executive board of the chamber's newly revitalized committee on the United States to facilitate better communication between business communities from...
Fri, 31 Aug 2007
Indonesian palm oil boom threatens orangutan, environment
TUMBANG KULING (AP): Naingolan shunts the excavator into high gear and tears into a patch of smoldering forest on Borneo island, clearing the way for yet another palm oil plantation thatIndonesia hopes will tap into a surge in global demand for biofuels.
Thu, 30 Aug 2007
Microsoft to sell software licenses at $3 to students
PT Microsoft Indonesia will sell a Windows software version called Education Innovation Suite at US$3 to Indonesian students, as part of its program to help close the digital gap in the country.President director of Microsoft Indonesia Tony Chen said Wednesday his company would cooperate with the...
Thu, 30 Aug 2007
RI, Singapore make significant progress in free trade zones
JAKARTA (JP): A joint ministerial level meeting between Indonesia and Singapore in Bali on Wednesday highlighted significant progress in the development of the Batam, Bintan and Karimun free trade zones (FTZs).
Thu, 30 Aug 2007
Bakrie Telekom to open networks in 17 cities
Solo, C Java (ANTARA News) - Publicly-listed telecommunications operator PT Bakrie Telekom Tbk is planning to open new networks in the country`s 17 major cities at a total cost of Rp2 trillion this year.It was expected the new networks wold raise the company`s total number of subscribers to 3.
Thu, 30 Aug 2007
Govt to impose progressive tax on CPO exports
Jakarta (ANTARA News) - The government is set to impose a progressive tax in the range of 0-10 percent on crude palm oil (CPO) exports starting September 1, an Agriculture Ministry official said."Until now, we have been adopting a new policy (on CPO exports) once every three months.
Thu, 30 Aug 2007
President Yudhoyono asks banks to boost economic growth with own equity
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has asked national banks to boost economic growth with their equity by providing credits to productive sectors and micro, small and medium businesses (UMKM).
Thu, 30 Aug 2007
China`s ZTE Corp in CDMA2000 network expansion tie-up with Telkom Indonesia
Beijing (ANTARA News) - China's ZTE Corporation, a provider of telecommunications equipment, said in a statement that it has signed an agreement to help expand Telkom Indonesia's CDMA2000 network capacity.
Wed, 29 Aug 2007
Govt pins hopes on 14 new oil fields
give an "off-the-record" interview to one of our journalists, and they can quote an "informed source in the Indonesian oil industry"!
Wed, 29 Aug 2007
Govt pins hopes on 14 new oil fields
I know some other stories about why developments are being delayed, production is down and other monkey business but, I must, unfortunately say fuck all at the moment......
Wed, 29 Aug 2007
Japan, China power Indonesian growth
JAKARTA - Foreign investment is suddenly picking up in Indonesia, an indication that President Susilo Bambang Yudhoyono's pro-business policies are finally starting to pay economic dividends in spite of the recent nationalistic and anti-foreign economic regulations passed by Parliament.
Wed, 29 Aug 2007
Govt pins hopes on 14 new oil fields
The government is pinning its hopes on the development of 14 new oil fields so as to meet next year's oil production target of 1.034 million barrels per day, slightly higher than this year's estimate of 1 million bpd, an official says.
Wed, 29 Aug 2007
Altimo insists on Indonesia investment
Altimo, a subsidiary of Russia's Alfa Group, will not back down on its investment plans for Indonesia despite allegations of a commercially motivated smear campaign levied by a number of civil society groups, a company official said.
Wed, 29 Aug 2007
More support planned for micro, small businesses
In addition to a Rp 1.4 trillion (around US$149 million) allocation to subsidize the interest on loans taken out by micro, small and medium enterprises (MSMEs), the government also plans to streamline the requirements for borrowing from state SME financing institutions.
Wed, 29 Aug 2007
Rising investment
From the Economist Intelligence Unit ViewsWireWhy is Indonesia attracting investors?Foreign investment in Indonesia has risen sharply, but there are renewed concerns about the country's investor-friendliness following the release in June of revised foreign ownership limits.
Wed, 29 Aug 2007
Indonesian hub seeks place on map
Published: August 28 2007 18:01 | Last updated: August 28 2007 18:01The signing last week by Susilo Bambang Yudhoyono, Indonesia’s president, of regulations creating a special trade zone covering the island of Batam and enclaves on nearby Bintan and Karimun marked the realisation of a...
Tue, 28 Aug 2007
The talking is over; It's time to put our shoulders to the wheel
The response to the most recent cabinet reshuffle is a good indicator of the national mood. "The cabinet reshuffle by the President was a positive step that will enhance the performance of the government," said 77 percent of the population.
Tue, 28 Aug 2007
Govt to set up labor committees for FTZs
Aiming to increase labor competitiveness in the country's free trade zones, the government is formulating a mechanism for the establishment of local tripartite labor committees within each FTZ.It is expected that the committees, which will consist of representatives of the local government,...
Tue, 28 Aug 2007
PLN Signs for New Power Plants
State electricity firm PT Perusahaan Listrik Negara (PLN) signed an agreement with a consortium headed by Japan's Marubeni Corp to purchase power from a new power plant, Reuters quoted the energy minister as saying on Monday (20/8/07).
Tue, 28 Aug 2007
Bank Mega Eyes 60% Rise in Lending This Year
Publicly listed Bank Mega is optimistic lending will grow by 60% this year on the back of a surge in demand from corporate borrowers.The bank's outstanding loans grew by about 10% as of the end of June to Rp11.5 trillion ($1.
Tue, 28 Aug 2007
Sinar Mas to Enter Mobile Market
PT Sinar Mas Telecommunications plans to become the 10th mobile-phone operator in the country, where competition has forced companies to slash call rates.The company plans to build a network capable of serving 1.4 million users by the end of the year, director Ubaidillah Fatah told Bloomberg News.
Tue, 28 Aug 2007
Govt. to Build Railroad to Jakarta Airport
The government plans to build a railway line linking Jakarta with the main Soekarno-Hatta International Airport in an effort to ease the city's traffic problems, the railroad operator's chief said on Wednesday (22/8/07).
Tue, 28 Aug 2007
Indonesia, Singapore to Meet Again on SEZ
The government looks set to develop Special Economic Zones (SEZs) in the Batam, Bintan and Karimun islands, after issuing regulations relating to implementation of the SEZs early last week.Coordinating Minister for the Economy Boediono said officials from Indonesia and Singapore will meet in Bali...
Mon, 27 Aug 2007
Honda launches new models to regain loss in market share
Originally Posted By: DilliMore fucking mayhem....I suppose as usual Mirrors and Indicators are optional extra's! ya, biar hemat ...the news in this for me is the continued solid consumer confidence shown by indonesians, despite very poor investment flows.
Mon, 27 Aug 2007
Honda launches new models to regain loss in market share
Motorcycle producer PT Astra Honda Motor (AHM) will launch three new models with more stylish and sporty features this year to regain its market leadership, which has dropped significantly since January amid growing competition from its main competitor, Yamaha.
Sun, 26 Aug 2007
Riau Islands SEZs in place 'by September'
The government will have set up the management agencies for the special economic zones (SEZs) in the Batam, Bintan and Karimun islands by September, as required by recently issued government regulations.
Sun, 26 Aug 2007
Japanese investors join local partner to develop jatropha in NTT
Kupang, E Nusa Tenggara (ANTARA News) - A number of Japanese investors are working together with a local partner to develop jatropha curcas plantations for the production of bio-fuel energy in East Nusa Tenggara (NTT) province, a company executive said.
Sat, 25 Aug 2007
Indonesia concerned over declining oil output
"lack of new investment in the sector"Itu benar! There is the real reason. No one wants to do business in a country which ties an investors hands behind their back, amputates a leg and then demands "kick ass" performance!